Freshwater Society

Analysis

Freshwater Society is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Freshwater Society reported income of $2.4m and spending of $1.6m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $2.4m (+125%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 124%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Freshwater Society sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include 42 Analytics Educational ($2.4m), American Friends of Polin Museum of the History of Polish Jews Inc ($2.4m) and Orchestra of the Americas Group Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $170k (11% of expenses). Other salaries and wages came to $546k. At year end it held assets of $7.0m against liabilities of $253k, net assets of $6.7m. It reported 16 employees.